The FE (further education) and and Skills sector will be transformed by the announcements of the Spending Review. The impact will be far more wide-reaching than a simple reduction in the amount of central funding the sector will receive from government. The decisions taken will directly affect issues as diverse as uptake, retention, curricula, learner profiles, funding sources and governance. This briefing is designed to help leaders of the FE and Skills sector come to terms with changes, and help shape their preparations for them.